For the last several years, Affiliate Computer Services has provided the technology that allows me to work with my student loan accounts online, tasks which include scheduling payments in advance, viewing tax forms, and staring at the pit of debt wondering if I concentrated hard enough, the money would no longer be owed. Apparently, this particular technology has not yet arrived.
Perhaps due to this, or more likely due to options accounting errors totalling $51 million, the top executives of ACS are on their way out. The company is just next in a long line that are under investigation surrounding stock options offered to executives.
Updated February 10, 2011 and originally published November 27, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.